In 1997, Indiana University established the Advanced Research & Technology Institute (ARTI)—the organization that would become IURTC—to handle all IU-related intellectual property, trademarks, and business development activities.
Economic development is a key part of IURTC’s mission. In 2003, IURTC established the Indiana University Innovation Center - Indianapolis, a business incubator dedicated to establishing new life and health sciences companies.
Since then, additional economic development centers have been established around the state, including:
- Evansville—Engagement Office, bringing IU and Purdue University resources together to foster new businesses
- Fort Wayne—IPFW Office of Engagement, bringing IU and Purdue University innovation to Northeast Indiana
- Gary—Northwest Health and Human Services, focused on improving the region’s healthcare infrastructure
- Kokomo—Inventrek Technology Park, a small-business incubator that has brought more than 110 jobs to the region
- New Albany—Southeast Indiana Small Business Development Center
- Richmond—Center for Entrepreneurship, connecting IU East faculty and students with local small business owners
- South Bend—Cancer Research Center, opening in 2010